this post was submitted on 25 Apr 2024
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How is it that no company has union busted by handing out shares of the business to their workers?
Bob's Red Mill did something of the sort and is 100% employee-owned as of 2020. The stated intent was to avoid the investor-driven abuse of employees and customers for profit. It's not a workers' co-op, to be clear, but runs under an ESOP.
Organic Valley did that
Amazing... I gotta go see how it practically worked out. Thanks for the example!
Kroger did that as a way to defeat a hostile takeover
Gotta check that out - thanks!!